PRESS RELEASE
15 June 2026

JSA Advised Energy Efficiency Services Limited On The Sale Of Its Stake In IntelliSmart Infrastructure To Adani Energy Solutions

J
JSA

Contributor

JSA Advocates and Solicitors is a top-tier, full-service Indian law firm. Established in 1991, at the start of India’s economic liberalisation, the firm has built a strong reputation for handling complex and high-stakes legal and commercial matters. The firm is organised around specialist practice areas and industry sectors. It works closely with leading Indian corporates, Fortune 500 companies, global financial institutions, and government and statutory bodies on important corporate, financing, and disputes mandates. JSA has a team of over 700 legal professionals, including 180+ partners, and operates from 10 offices across seven cities in India: Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Mumbai, and New Delhi. The firm is consistently recognised as a top-tier practice by leading international legal directories, including Chambers & Partners (Asia-Pacific and Global), Legal 500, and AsiaLaw.
JSA Advocates & Solicitors (JSA) advised Energy Efficiency Services Limited (EESL) in relation to the sale of its equity stake in IntelliSmart Infrastructure Private Limited...
India

JSA Advocates & Solicitors (JSA) advised Energy Efficiency Services Limited (EESL) in relation to the sale of its equity stake in IntelliSmart Infrastructure Private Limited (IntelliSmart), a leading smart metering joint venture between EESL and National Investment and Infrastructure Fund (NIIF), to Adani Energy Solutions Limited (AESL).

As per the media release issued by AESL, the transaction, valued at INR 3,050 crore, involves the acquisition by AESL of 100% of the equity share capital of IntelliSmart and the redemption of optionally convertible debentures of IntelliSmart held by NIIF. Transaction closing is subject to regulatory and other customary approvals.

IntelliSmart is one of India’s leading owners and operators of smart meter assets and among the top three players in the smart metering segment, with a portfolio of over 2.2 crore meters deployed across Uttar Pradesh, Gujarat, Madhya Pradesh, Bihar and Assam.

The JSA team was led by Vishnu Sudarsan, Partner with support from Sugandha Somani Gopal, Partner and team members Asmita Maan, Senior Associate and Vihaan Pathak, Associate.

Contributor

JSA Advocates and Solicitors is a top-tier, full-service Indian law firm. Established in 1991, at the start of India’s economic liberalisation, the firm has built a strong reputation for handling complex and high-stakes legal and commercial matters. The firm is organised around specialist practice areas and industry sectors. It works closely with leading Indian corporates, Fortune 500 companies, global financial institutions, and government and statutory bodies on important corporate, financing, and disputes mandates. JSA has a team of over 700 legal professionals, including 180+ partners, and operates from 10 offices across seven cities in India: Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Mumbai, and New Delhi. The firm is consistently recognised as a top-tier practice by leading international legal directories, including Chambers & Partners (Asia-Pacific and Global), Legal 500, and AsiaLaw.
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